📅 - The trial of former WorldCom (worldcom.com) CEO Bernard Ebbers on federal fraud charges opened earlier this week, with defense attorneys arguing that WorldCom's billion dollar accounting scandal was the result of Ebbers being duped and misled by chief financial officer Scott Sullivan, reports say.
Sullivan has already pleaded guilty to charges, including conspiracy to commit securities fraud. He is the star witness in the federal case against Ebbers, who faces a variety of fraud and conspiracy charges related to his alleged attempts to artificially inflate WorldCom's stock value and mislead investors. Ebbers helped build WorldCom, now known as MCI, from a regional telecom provider into major backbone provider. The company filed for a record-breaking $107 billion bankruptcy in 2002. The trial is expected to last between three and six weeks, reports say.
Reads: 2005 | Category: General | Source: TheWHIR : Web Host Industry Reviews URL source: http://www.thewhir.com/marketwatch/def012705.cfm Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!
Other news
📅 - Red Hat to Hold First Annual Conference - Linux distributor Red Hat (redhat.com) is holding its first annual conference for its community, customers and partners, from June 1 to June 3, 2005 at the Hilton New Orleans Riverside in Louisiana. The cost of the conference is $999 and includes three nights' accommodation and all activities and conference meals. The first 600 registrants are eligible to win one of three free Red Hat Certified Engineer training classes, valued at $2500. The event will feature keynote speakers, general sessions, breakout sessions, demonstrations and receptions. General sessions will be held each day of the conference and will be followed by in-depth meetings that focus on narrower
📅 - Savvis Launches Managed Security Tools - Web hosting provider SAVVIS Communications (savvis.net👉 Total Reviews: 3 🙌 Average Rating: 1 / 10 👍 Good Reviews: 0 👎 Bad Reviews: 3 👈 Official Responses: 0 -> lumen.com) announced on Wednesday that it had launched a new portfolio of managed security services. According to the company, the new services combine the strengths of the security teams and network capabilities of both SAVVIS and Cable & Wireless America to create what the company calls the best value and broadest security services set from a hosting and network services firm. SAVVIS says it is introducing a set of 16 security products, divided into three categories: dedicated security services, including intrusion detection and prevention, managed network perimeter security, access and authentication and analysis; virtu
📅 - Symantec Launches Email Security Device - Information security provider Symantec Corp. (symantec.com) announced on Wednesday that it is preparing to release the Symantec Mail Security 8200 Series, a secure email hardware solution for medium and large businesses. Coupled with Symantec Brightmail AntiSpam and Symantec AntiVirus technologies, The Mail Security 8200 will provide high levels of spam and virus protection. The company says it has planned a February launch for the device, which integrates volume management, attack prevention, content filtering, encryption, anti-forgery and archiving functionality into one cohesive solution. "Email is the single most critical channel for both internal and external b
📅 - Postini Report on Spam Gloomy - Email security and management provider Postini (postini.com) announced this week that it had released its annual report on the state of email security. The report illuminates the serious vulnerabilities that small businesses and certain vertical industries, such as advertising, publishing and real estate, experience. While more attention is being paid to preventing spam, the report said, it still comprises 75 to 80 percent of email. Postini's report also found that email-borne virus attacks grew threefold in 2004 and more than 33 percent of spam is sent by zombie networks that use innocent victims' computers as a conduit for spam delivery. "What we're seeing is a p
📅 - SBC in Acquisition Talks with AT&T - Internet service and Web hosting provider SBC Communications (sbc.com) is in talks to acquire AT&T in a deal worth more than $15 billion, according to several media reports. The recent merger talks come on the heels of a difficult year for AT&T, with the company cutting 14,000 jobs and seeing its annual revenue drop 11.6 percent. SBC's interest in AT&T reportedly stems from the company's international network and strong base of corporate clients, which are particularly valuable given the fact that large corporations are generally reluctant to switch service providers. Analysts say that in order for a company like SBC to match AT&T's global network, which was built
📅 - VeriCenter Appoints Support Director - IT infrastructure and managed services firm VeriCenter Inc. (vericenter.com) announced on Thursday that it has appointed Kwesi Ames its director of support engineering. Ames will lead VeriCenter's enterprise hosting operations and core technical support organization, and will focus this year on further automating the company's OpCenter service engine. According to VeriCenter, Ames is an industry expert and a builder of high-performance enterprise IT organizations. He most recently served as the senior manager of enterprise hosting operations at MCI/Digex, Inc. where he successfully implemented uniform and scalable polices and procedures across all systems and networ
📅 - 
📅 -